TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY

FRANKFORT, KY · CIK 714142 · 13F filing filed 2024-08-26

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityTeachers' Retirement System of the State of Kentucky (US)

$11.1bn reported value -0.3% vs Q1 2024

1,683positions

24.4%in top 10

33 new 145 added 466 reduced 36 sold out vs Q1 2024

This report includes the holdings of 23 other managers that share the investment decisions:

BAILLIE GIFFORD US EQ GROWTH STRATEGY – no 13F of its own this quarter
INTERNAL MGMT JL LOSEY SCHOLARSHIP FUND – no 13F of its own this quarter
INTERNAL MGMT S&P 400 INDEX – no 13F of its own this quarter
INTERNAL MGMT S&P 500 INDEX – no 13F of its own this quarter
INTERNAL MGMT S&P 600 INDEX – no 13F of its own this quarter
LIFE BAILLIE GIFFORD US EQ GROWTH – no 13F of its own this quarter
LIFE IN-HOUSE HIGH YIELD BOND – no 13F of its own this quarter
LIFE S&P 400 STOCK INDEX – no 13F of its own this quarter

15 more

LIFE S&P 500 STOCK INDEX – no 13F of its own this quarter
LIFE S&P 600 STOCK INDEX – no 13F of its own this quarter
MED BAILLIE GIFFORD US EQ GROWTH – no 13F of its own this quarter
MED IN-HOUSE HIGH YIELD BOND – no 13F of its own this quarter
MED S&P 400 STOCK INDEX – no 13F of its own this quarter
MED S&P 500 STOCK INDEX – no 13F of its own this quarter
MED S&P 600 STOCK INDEX – no 13F of its own this quarter
STATE STREET US PREMIER GROWTH – no 13F of its own this quarter
TODD INTERNATIONAL INTRINSIC VALUE – no 13F of its own this quarter
TODD INTL INTRINSIC VALUE OPPORTUNITY – no 13F of its own this quarter
TODD INTRINSIC VALUE OPPORTUNITY – no 13F of its own this quarter
TODD LARGE CAP INTRINSIC VALUE – no 13F of its own this quarter
UBS VALUE ORIENTED – no 13F of its own this quarter
WELLINGTON LARGE CAP EQUITY – no 13F of its own this quarter
WELLINGTON SMALL CAP EQUITY – no 13F of its own this quarter

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2024

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MICROSOFT CORP COM MSFT	MSFT	1,173,215	$524.4m4.71%	4.71%	Reduced -48.6k	-48,581 -4.0%
2	NVIDIA CORPORATION COM NVDA	NVDA	3,818,410	$471.7m4.24%	4.24%	Reduced -298.4k	-298,400 -7.2%
3	APPLE INC COM AAPL	AAPL	1,917,646	$403.9m3.63%	3.63%	Added +7.9k	+7,877 0.4%
4	AMAZON COM INC COM AMZN	AMZN	1,768,857	$341.8m3.07%	3.07%	Reduced -61.3k	-61,333 -3.4%
5	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,290,913	$235.1m2.11%	2.11%	Reduced -47.7k	-47,749 -3.6%
6	META PLATFORMS INC CL A META	META	392,860	$198.1m1.78%	1.78%	Reduced -30.4k	-30,354 -7.2%
7	BROADCOM INC COM AVGO	AVGO	118,004	$189.5m1.70%	1.70%	Reduced -11.3k	-11,336 -8.8%
8	UNITEDHEALTH GROUP INC COM UNH	UNH	243,162	$123.8m1.11%	1.11%	Reduced -14.3k	-14,349 -5.6%
9	ALPHABET INC CAP STK CL C GOOG	GOOG	672,830	$123.4m1.11%	1.11%	Reduced -75.8k	-75,827 -10.1%
10	JPMORGAN CHASE & CO COM JPM	JPM	499,959	$101.1m0.91%	0.91%	Reduced -3.2k	-3,166 -0.6%
11	ELI LILLY & CO COM LLY	LLY	105,687	$95.7m0.86%	0.86%	Reduced -4.1k	-4,061 -3.7%
12	VISA INC COM CL A V	V	302,570	$79.4m0.71%	0.71%	Reduced -11.2k	-11,236 -3.6%
13	HOME DEPOT INC COM HD	HD	225,763	$77.7m0.70%	0.70%	Added +37.8k	+37,784 20.1%
14	UNITED RENTALS INC COM URI	URI	115,409	$74.6m0.67%	0.67%	Reduced -5.9k	-5,907 -4.9%
15	QUALCOMM INC COM QCOM	QCOM	374,409	$74.6m0.67%	0.67%	Reduced -42.6k	-42,600 -10.2%
16	PARKER-HANNIFIN CORP COM PH	PH	145,738	$73.7m0.66%	0.66%	Reduced -21.5k	-21,481 -12.8%
17	TESLA INC COM TSLA	TSLA	339,724	$67.2m0.60%	0.60%	Reduced -9.3k	-9,282 -2.7%
18	MASTERCARD INCORPORATED CL A MA	MA	151,325	$66.8m0.60%	0.60%	Reduced -11.9k	-11,860 -7.3%
19	MERCK & CO INC COM MRK	MRK	506,144	$62.7m0.56%	0.56%	Added +6.5k	+6,464 1.3%
20	NETFLIX INC COM NFLX	NFLX	92,314	$62.3m0.56%	0.56%	Reduced -500	-500 -0.5%
21	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	145,888	$59.3m0.53%	0.53%	Reduced -4.2k	-4,156 -2.8%
22	AUTOZONE INC COM AZO	AZO	19,986	$59.2m0.53%	0.53%	Reduced -689	-689 -3.3%
23	BANK AMERICA CORP COM BAC	BAC	1,464,733	$58.3m0.52%	0.52%	Added +106.5k	+106,539 7.8%
24	CHUBB LIMITED COM CB	CB	216,894	$55.3m0.50%	0.50%	Reduced -15.2k	-15,176 -6.5%
25	NXP SEMICONDUCTORS N V COM NXPI	NXPI	197,670	$53.2m0.48%	0.48%	Reduced -40.2k	-40,163 -16.9%
26	SHELL PLC SPON ADS SHEL	SHEL	736,170	$53.1m0.48%	0.48%	Unchanged
27	SALESFORCE INC COM CRM	CRM	206,519	$53.1m0.48%	0.48%	Reduced -15.8k	-15,791 -7.1%
28	KLA CORP COM NEW KLAC	KLAC	62,898	$51.9m0.47%	0.47%	Reduced -50.2k	-50,211 -44.4%
29	COSTCO WHSL CORP NEW COM COST	COST	59,142	$50.3m0.45%	0.45%	Reduced -3.1k	-3,094 -5.0%
30	AMERICAN EXPRESS CO COM AXP	AXP	214,227	$49.6m0.45%	0.45%	Reduced -5.4k	-5,367 -2.4%
31	ADOBE INC COM ADBE	ADBE	89,169	$49.5m0.44%	0.44%	Added +5.9k	+5,908 7.1%
32	PROCTER AND GAMBLE CO COM PG	PG	295,701	$48.8m0.44%	0.44%	Reduced -7.4k	-7,387 -2.4%
33	MORGAN STANLEY COM NEW MS	MS	501,301	$48.7m0.44%	0.44%	Added +16.6k	+16,642 3.4%
34	ABBVIE INC COM ABBV	ABBV	281,649	$48.3m0.43%	0.43%	Reduced -44.3k	-44,273 -13.6%
35	PROGRESSIVE CORP COM PGR	PGR	229,808	$47.7m0.43%	0.43%	Added +29.1k	+29,125 14.5%
36	SERVICENOW INC COM NOW	NOW	59,333	$46.7m0.42%	0.42%	Added +4.4k	+4,435 8.1%
37	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	98,645	$46.2m0.42%	0.42%	Reduced -5.1k	-5,082 -4.9%
38	AMERIPRISE FINL INC COM AMP	AMP	108,032	$46.1m0.41%	0.41%	Reduced -23.2k	-23,232 -17.7%
39	TOTALENERGIES SE SPONSORED ADS SPONSORED ADS		675,170	$45.0m0.40%	0.40%	Added +33.0k	+33,000 5.1%
40	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	81,105	$44.9m0.40%	0.40%	Reduced -5.4k	-5,355 -6.2%
41	ORACLE CORP COM ORCL	ORCL	316,742	$44.7m0.40%	0.40%	Reduced -3.5k	-3,494 -1.1%
42	RIO TINTO PLC SPONSORED ADR RIO	RIO	650,180	$42.9m0.38%	0.38%	Added +53.0k	+53,000 8.9%
43	EXXON MOBIL CORP COM XOM	XOM	363,211	$41.8m0.38%	0.38%	Added +34.0k	+33,995 10.3%
44	ON SEMICONDUCTOR CORP COM ON	ON	599,829	$41.1m0.37%	0.37%	Reduced -39.9k	-39,912 -6.2%
45	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		515,590	$40.2m0.36%	0.36%	Reduced -66.1k	-66,091 -11.4%
46	AMGEN INC COM AMGN	AMGN	124,488	$38.9m0.35%	0.35%	Reduced -1.3k	-1,263 -1.0%
47	MASCO CORP COM MAS	MAS	579,597	$38.6m0.35%	0.35%	Added +273.7k	+273,718 89.5%
48	ADVANCED MICRO DEVICES INC COM AMD	AMD	235,507	$38.2m0.34%	0.34%	Reduced -40.0k	-40,026 -14.5%
49	CONOCOPHILLIPS COM COP	COP	327,356	$37.4m0.34%	0.34%	Added +15.7k	+15,738 5.0%
50	PHILLIPS 66 COM PSX	PSX	259,268	$36.6m0.33%	0.33%	Reduced -4.0k	-4,011 -1.5%
51	JABIL INC COM JBL	JBL	334,495	$36.4m0.33%	0.33%	Added +11.8k	+11,784 3.6%
52	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	209,794	$36.3m0.33%	0.33%	Reduced -2.1k	-2,089 -1.0%
53	THE TRADE DESK INC COM CL A TTD	TTD	367,712	$35.9m0.32%	0.32%	Reduced -23.5k	-23,500 -6.0%
54	MICRON TECHNOLOGY INC COM MU	MU	265,892	$35.0m0.31%	0.31%	Reduced -2.7k	-2,657 -1.0%
55	BOOKING HOLDINGS INC COM BKNG	BKNG	8,827	$35.0m0.31%	0.31%	Added +1.4k	+1,440 19.5%
56	ELEVANCE HEALTH INC COM ELV	ELV	63,604	$34.5m0.31%	0.31%	Added +9.4k	+9,428 17.4%
57	HCA HEALTHCARE INC COM HCA	HCA	106,073	$34.1m0.31%	0.31%	Reduced -471	-471 -0.4%
58	MODERNA INC COM MRNA	MRNA	283,909	$33.7m0.30%	0.30%	Added +11.8k	+11,828 4.3%
59	FISERV INC COM FISV	FISV	220,155	$32.8m0.29%	0.29%	Added +17.7k	+17,653 8.7%
60	PHILIP MORRIS INTL INC COM PM	PM	315,495	$32.0m0.29%	0.29%	Reduced -3.7k	-3,679 -1.1%
61	APPLIED MATLS INC COM AMAT	AMAT	135,186	$31.9m0.29%	0.29%	Reduced -11.4k	-11,449 -7.8%
62	DELL TECHNOLOGIES INC CL C DELL	DELL	231,100	$31.9m0.29%	0.29%	Reduced -38.0k	-38,000 -14.1%
63	DICKS SPORTING GOODS INC COM DKS	DKS	146,792	$31.5m0.28%	0.28%	Unchanged
64	ONEOK INC NEW COM OKE	OKE	383,414	$31.3m0.28%	0.28%	Added +93.0k	+93,000 32.0%
65	BOSTON SCIENTIFIC CORP COM BSX	BSX	405,731	$31.2m0.28%	0.28%	Reduced -40.5k	-40,463 -9.1%
66	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	56,594	$30.8m0.28%	0.28%	Unchanged
67	CDW CORP COM CDW	CDW	134,746	$30.2m0.27%	0.27%	Reduced -3.2k	-3,156 -2.3%
68	MCKESSON CORP COM MCK	MCK	51,049	$29.8m0.27%	0.27%	Added +891	+891 1.8%
69	JACOBS SOLUTIONS INC COM J	J	212,732	$29.7m0.27%	0.27%	Reduced -295	-295 -0.1%
70	LOWES COS INC COM LOW	LOW	132,769	$29.3m0.26%	0.26%	Reduced -3.7k	-3,697 -2.7%
71	MARSH & MCLENNAN COS INC COM MRSH	MRSH	138,659	$29.2m0.26%	0.26%	Reduced -7.6k	-7,612 -5.2%
72	WELLS FARGO CO NEW COM WFC	WFC	491,577	$29.2m0.26%	0.26%	Reduced -8.3k	-8,254 -1.6%
73	ING GROEP N.V. SPONSORED ADR ING	ING	1,675,610	$28.7m0.26%	0.26%	Reduced -20.1k	-20,100 -1.2%
74	CUMMINS INC COM CMI	CMI	103,404	$28.6m0.26%	0.26%	Reduced -685	-685 -0.7%
75	SCHLUMBERGER LTD COM STK SLB	SLB	605,177	$28.6m0.26%	0.26%	Reduced -74.5k	-74,468 -11.0%
76	NETAPP INC COM NTAP	NTAP	221,049	$28.5m0.26%	0.26%	Reduced -14.5k	-14,540 -6.2%
77	TEXTRON INC COM TXT	TXT	330,337	$28.4m0.25%	0.25%	Added +56.5k	+56,544 20.6%
78	JOHNSON & JOHNSON COM JNJ	JNJ	193,455	$28.3m0.25%	0.25%	Reduced -5.5k	-5,520 -2.8%
79	APOLLO GLOBAL MGMT INC COM APO	APO	238,800	$28.2m0.25%	0.25%	Added +32.0k	+32,000 15.5%
80	AERCAP HOLDINGS NV SHS AER	AER	300,760	$28.0m0.25%	0.25%	Unchanged
81	ROYAL CARIBBEAN GROUP COM RCL	RCL	173,124	$27.6m0.25%	0.25%	Added +154.1k	+154,090 809.5%
82	FIFTH THIRD BANCORP COM FITB	FITB	755,200	$27.6m0.25%	0.25%	Added +94.4k	+94,369 14.3%
83	FIDELITY NATL INFORMATION SV COM FIS	FIS	363,185	$27.4m0.25%	0.25%	Reduced -1.3k	-1,289 -0.3%
84	APA CORPORATION COM APA	APA	908,906	$26.8m0.24%	0.24%	Added +100.2k	+100,160 12.4%
85	ALTRIA GROUP INC COM MO	MO	585,228	$26.7m0.24%	0.24%	Reduced -4.2k	-4,155 -0.7%
86	CRH PLC ORD CRH	CRH	355,410	$26.6m0.24%	0.24%	Reduced -41.0k	-41,000 -10.3%
87	VERIZON COMMUNICATIONS INC COM VZ	VZ	644,479	$26.6m0.24%	0.24%	Reduced -9.5k	-9,484 -1.4%
88	GENERAL MTRS CO COM GM	GM	570,775	$26.5m0.24%	0.24%	Added +470.6k	+470,568 469.6%
89	DISNEY WALT CO COM DIS	DIS	265,918	$26.4m0.24%	0.24%	Added +18.0k	+18,039 7.3%
90	NRG ENERGY INC COM NEW NRG	NRG	334,836	$26.1m0.23%	0.23%	Added +316.1k	+316,130 1690.0%
91	S&P GLOBAL INC COM SPGI	SPGI	58,130	$25.9m0.23%	0.23%	Reduced -2.8k	-2,792 -4.6%
92	SYNCHRONY FINANCIAL COM SYF	SYF	539,460	$25.5m0.23%	0.23%	Reduced -2.3k	-2,320 -0.4%
93	MITSUBISHI UFJ FINL GROUP IN SPONSORED ADS MUFG	MUFG	2,342,140	$25.3m0.23%	0.23%	Unchanged
94	NVR INC COM NVR	NVR	3,284	$24.9m0.22%	0.22%	Reduced -614	-614 -15.8%
95	AMETEK INC COM AME	AME	149,070	$24.9m0.22%	0.22%	Reduced -12.0k	-12,037 -7.5%
96	AMERICAN INTL GROUP INC COM NEW AIG	AIG	333,448	$24.8m0.22%	0.22%	Reduced -139	-139 -0.0%
97	EQUINOR ASA SPONSORED ADR EQNR	EQNR	862,570	$24.6m0.22%	0.22%	Added +11.5k	+11,500 1.4%
98	INTUIT COM INTU	INTU	37,299	$24.5m0.22%	0.22%	Reduced -1.9k	-1,937 -4.9%
99	FOX CORP CL A COM FOXA	FOXA	712,593	$24.5m0.22%	0.22%	Added +62.9k	+62,920 9.7%
100	NOVARTIS AG SPONSORED ADR NVS	NVS	229,800	$24.5m0.22%	0.22%	Added +57.0k	+57,000 33.0%

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
PIONEER NAT RES CO PXD	PXD	18,928	$5.0m18.9k shares
HASHICORP INC HCP	HCP	143,504	$3.9m143.5k shares
SHOCKWAVE MED INC SWAV	SWAV	11,813	$3.8m11.8k shares
TWILIO INC TWLO	TWLO	61,639	$3.8m61.6k shares
SUNCOR ENERGY INC NEW SU	SU	98,580	$3.6m98.6k shares
NUTRIEN LTD NTR	NTR	63,950	$3.5m64.0k shares
LABORATORY CORP AMER HLDGS		7,091	$1.5m7.1k shares
DIAMOND OFFSHORE DRILLING IN DO	DO	100,382	$1.4m100.4k shares
AMERICAN EQTY INVT LIFE HLD AEL	AEL	23,043	$1.3m23.0k shares
M D C HLDGS INC		18,368	$1.2m18.4k shares
MICROSTRATEGY INC MSTR	MSTR	649	$1.1m649 shares
ULTRAGENYX PHARMACEUTICAL IN RARE	RARE	14,792	$691.0k14.8k shares
CALLON PETE CO DEL CPE	CPE	16,628	$594.0k16.6k shares
ARCTURUS THERAPEUTICS HLDGS ARCT	ARCT	15,305	$517.0k15.3k shares
KAMAN CORP KAMN	KAMN	8,990	$413.0k9.0k shares
CABALETTA BIO INC CABA	CABA	17,905	$305.0k17.9k shares
BOUNDLESS BIO INC BOLD	BOLD	14,920	$213.0k14.9k shares
TRUEBLUE INC TBI	TBI	11,251	$141.0k11.3k shares
AGILITI INC		11,475	$116.0k11.5k shares
VITESSE ENERGY INC VTS	VTS	3,189	$76.0k3.2k shares
EMERGENT BIOSOLUTIONS INC EBS	EBS	13,279	$34.0k13.3k shares
COMMUNITY HEALTH SYS INC NEW CYH	CYH	4,463	$16.0k4.5k shares
AVID BIOSERVICES INC PPHM	PPHM	2,203	$15.0k2.2k shares
OIL STS INTL INC OIS	OIS	2,276	$14.0k2.3k shares
AMERICAN VANGUARD CORP AVD	AVD	1,033	$13.0k1.0k shares